Apollo Global Management Investor Day Presentation Deck

Athene Has a Disciplined Investment Philosophy Target higher and sustainable risk- adjusted returns by capturing illiquidity premia to drive consistent yield outperformance APOLLO RETIREMENT SERVICES BUSINESS UPDATE 2022 Focus on downside protection given long-dated liability profile and low cost of funding Dynamic asset allocation to take advantage of market dislocations Differentiation driven by proprietary asset origination and greater asset expertise 30

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